Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Software Chief Vows to Help Agents Cope with Rental Database
A major lettings industry supplier doubts the upcoming Private Rented Sector Database will achieve its stated aim of identifying rogue landlords. The supplier has also pledged to help letting agents cope with the database.
Database Rollout Begins in December
The database is being rolled out over an 18-month period, beginning in the West Midlands on December 15. Landlords will have three months to register properties in each region.
Registration Fee Set at £65 Per Property
Landlords will face an annual registration fee of £65 per property.
What This Means for Letting Agents and Inventory Clerks
For letting agents and inventory clerks, the rollout will introduce new registration requirements for landlords across each region. The supplier's pledge to help agents cope with the database comes alongside its doubts about whether the scheme will achieve its stated aim of identifying rogue landlords.
Source: Letting Agent Today